How To Sell An Electrical Business
Dru and Gold Coast Business Broker Belinda Packer recently caught up to discuss selling an electrical business in Australia. Having taken part in multiple transactions over her career, Belinda is a wealth of knowledge for prospective sellers. A few key takeaways were: Sale Price Maximisation – Multiple Revenue Streams Buyers of commercial electrical buyers typically seek a mix of both project and maintenance work. This is advantageous as they get the upside of lucrative projects but also the stability of
How To Sell A Tyre Business
Dru recently had a discussion with Gold Coast Business Broker Brendan Morgan about selling a tyre business in Australia. Having taken part in a number of transactions in the tyre shop industry, Brendan had some great insights for prospective sellers: Important Consideration – Franchise vs Independent While all types of tyre shops can sell, different structures appeal to different buyer types. Franchise operations typically sell to inexperienced operators who are potentially getting into the industry for the first time. Independents
How To Sell A Panel Beating Business
Dru and Perth Business Broker Glenn Prunster recently had a conversation about key considerations when selling a panel beating business. Some important takeaways for prospective sellers were: Important Consideration – Insurance Contracts Insurance contracts can be attractive for acquirers as it close to locks in future revenue from their investment. However the revenue from insurance work tends to have less margin. When appraising a panel beating business, this revenue split is one of the first things Glenn looks at. It
How To Sell A Surveying Business
Dru recently had a conversation with Sydney Business Broker Sean Wolrige to discuss the ins and outs of selling a Surveying business in Australia. Sean is one of Australia’s most distinguished sellers of surveying businesses having been involved in a number of transactions over the years. He had some great advice for prospective sellers with some key takeaways being: Timeline – Prepare Early Selling any business takes time. To achieve the best outcome possible, it’s important not to rush the
How To Sell A Manufacturing Supply Business
Melbourne Business Broker Trevor Wantenaar recently successfully completed an acquisition in the Manufacturing Supply industry. Morgan Business Sales Director Dru Morgan caught up with Trevor to discuss some key learnings from the transaction for prospective sellers in this industry. They were: Sale Price Maximisation – Client Security Being B2B, manufacturing supply businesses typically have don’t have a huge number of clients like most B2C businesses do. For this reason, potential acquirers like to assess the existing customer base. Looking to
How To Sell An Online Business
Dru recently had a discussion with Brisbane Business Broker Brendan Morgan about the ins and outs of selling an online business in Australia. Brendan has been selling online businesses for over a decade and has a wealth of experience in these types of transactions. Some key takeaways from the discussion were: Impact Of COVID Online businesses saw a dramatic rise in sales in response to COVID related restrictions. Interestingly consumer sentiment to shopping online has continued beyond lockdowns with sales
